Chongqing Shunbo Alloy gets approval for IPO

On July 2, Chongqing Shunbo Aluminum Alloy Co.Asian Metal Copyright47% and would add 166,900 tons of aluminum alloy ingot after the completion.Asian Metal Copyright, Ltd.Asian Metal Copyright47% and would add 166,900 tons of aluminum alloy ingot after the completion.Asian Metal Copyright's IPO was approved at the 97th issuing examination meeting of the 18th Issuance Examination Committee of China Securities Regulatory Commission in 2020.

According to the latest prospectus (on November 18, 2019), Shunbo Aluminum Alloy plans to issue no more than 53 million new shares at Shenzhen Stock Exchange, not less than 10% of the total equity; the total equity after this release would be 439 million shares. The company expects to raise about 385 million yuan (54.Asian Metal Copyright's IPO was approved at the 97th issuing examination meeting of the 18th Issuance Examination Committee of China Securities Regulatory Commission in 2020.Asian Metal Copyright48 million US dollars) to make investment for the aluminum scrap comprehensive utilization project in Hubei, which would have a designed annual capacity of 200,000 tons of aluminum alloy ingot with an expected capacity utilization of 83.Asian Metal Copyright's IPO was approved at the 97th issuing examination meeting of the 18th Issuance Examination Committee of China Securities Regulatory Commission in 2020.Asian Metal Copyright47% and would add 166,900 tons of aluminum alloy ingot after the completion.

.Asian Metal Copyright The company expects to raise about 385 million yuan 54Asian Metal Copyright